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After finishing at $13.73 in the prior trading day, MP Materials Corporation (NYSE: MP) closed at $13.80, up 0.51%. In other words, the price has increased by $0.51 from its previous closing price. On the day, 2.02 million shares were traded. MP stock price reached its highest trading level at $14.02 during the session, while it also had its lowest trading level at $13.405.
Ratios:
Our goal is to gain a better understanding of MP by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 9.28 and its Current Ratio is at 10.29. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.83.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on July 15, 2024, initiated with a Market Perform rating and assigned the stock a target price of $16.50.
On April 23, 2024, JP Morgan Downgraded its rating to Neutral which previously was Overweight and also lowered its target price recommendation from $20 to $16.
Morgan Stanley Downgraded its Overweight to Equal-Weight on March 13, 2024, whereas the target price for the stock was revised from $26 to $15.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 28 ’24 when Corbett Ryan sold 50,000 shares for $16.93 per share. The transaction valued at 846,500 led to the insider holds 325,021 shares of the business.
McKnight Andrew A. sold 317,750 shares of MP for $5,741,742 on May 16 ’24. The Director now owns 86,000 shares after completing the transaction at $18.07 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MP now has a Market Capitalization of 2281374464 and an Enterprise Value of 2282249984. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.05 while its Price-to-Book (P/B) ratio in mrq is 2.01. Its current Enterprise Value per Revenue stands at 11.056 whereas that against EBITDA is 400.325.
Stock Price History:
Over the past 52 weeks, MP has reached a high of $24.48, while it has fallen to a 52-week low of $12.09. The 50-Day Moving Average of the stock is -8.28%, while the 200-Day Moving Average is calculated to be -13.83%.
Shares Statistics:
The stock has traded on average 2.97M shares per day over the past 3-months and 2192310 shares per day over the last 10 days, according to various share statistics. A total of 178.08M shares are outstanding, with a floating share count of 122.57M. Insiders hold about 25.86% of the company’s shares, while institutions hold 64.58% stake in the company. Shares short for MP as of 1721001600 were 27606292 with a Short Ratio of 9.29, compared to 1718323200 on 27963521. Therefore, it implies a Short% of Shares Outstanding of 27606292 and a Short% of Float of 19.1.
